Categories AlphaGraphs, Earnings, Finance
Visa (V) reports double-digit growth in Q3 revenue, profit
Credit card giant Visa (NYSE: V) has reported strong revenue and earnings growth for the third quarter of 2024, reflecting a sharp increase in payment volume and cross-border volume.
Adjusted earnings, excluding special items, climbed 12% annually to $2.42 per share in the June quarter from $2.16 per share in the prior-year period. Unadjusted net income rose to $4.87 billion or $2.40 per share in the third quarter from $4.16 billion or $2.0 per share a year earlier.
Earnings benefitted from a 10% increase in revenues to $8.9 billion. Payments volume and cross-border volume increased by 5% and 14% respectively during the three months.
“During the quarter, we expanded our partnerships with many clients around the world and announced several new innovations that will help drive the future of commerce,” said Visa’s chief executive officer Ryan McInerney.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Earnings Preview: FedEx looks set to report mixed results for Q4 2025
FedEx Corp. (NYSE: FDX) is preparing to report fourth-quarter earnings on Tuesday, June 24, at 4:00 pm ET. Recently, the management lowered its full-year earnings and revenue guidance for the
How Ulta Beauty’s (ULTA) new strategy is fueling growth
Shares of Ulta Beauty, Inc. (NASDAQ: ULTA) were up over 1% on Monday. The stock has gained 31% over the past three months. The beauty retailer started fiscal year 2025
Earnings Preview: What to look for when Kroger (KR) reports Q1 2025 results
The Kroger Co. (NYSE: KR) is expected to report its first-quarter financial results next week. Customer engagement remained stable last year, driven by high-quality products and tailored promotional offers. Recently,
